Accountancy, asked by stylemylo7809, 1 year ago

Cost of inventory RsRs 1,00,000; Market Value Rs 80,000. If the inventory is valued at Rs 1,00,000, which of the following accounting concepts is violated? (a) Money measurement (b) Cost (c) Prudence (d) Periodicity

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Answered by 27maanvi

money measurements concept is inventor Rs 1,00,000; Market Value Rs 80,000. If the inventory is valued at Rs 1,00,000, money measurement concept is violated in the question.

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